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NHAI to earn ₹ 1.34 lakh crore as annual toll revenue by 2025: Nitin Gadkari

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NHAI


NHAI to earn ₹ 1.34 lakh crore as annual toll revenue by 2025: Nitin Gadkari

Union Minister Nitin Gadkari on Wednesday said that the financial position of the National Highways Authority of India (NHAI) is in sound condition, and the country’s toll revenue, which is Rs 34,000 crore per year, will touch Rs 1.34 lakh crore per year by 2025.

Union Road Transport and Highways Minister Nitin Gadkari said, “The big challenge now is to monetize the project and how we raise funds.

It is important that we are adopting different types of solutions for this. ”

NHAI

Speaking at an event ‘Leadership Summit 2021’ and 14th ICAI (Institute of Chartered Accountants of India) Awards, Gadkari said that chartered accountants are the growth engines of our economy. “Currently, the economics of NHAI are in really good shape. Our current toll income is ₹ 34,000 crore per year and by 2025, we will have an income of Rs 1.34 lakh crore, ”he said.

The Indian economy is the fastest growing economy in the world and now, the country needs to adopt different types of innovation in financing, Gadkari said. He said, “Our total system is digital and I am sure we need foreign investment for the development of our country.” He said that there is a need to develop various types of initiatives for policy making, through which we can get more FDI in the country. Gadkari also said that socioeconomic change and poverty alleviation are major challenges, but with innovative financing models, new technology and research skills, it is possible to convert knowledge into wealth.

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FTSE 100 established to open up higher for brighter get started in August

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FTSE 100 set to open higher for brighter start in August

M

uch like the weather conditions, the FTSE 100 on Friday closed hunting soggy, with fewer blockbuster results to excite buyers, and shares in companies which includes Intertek and airline big IAG declining.

London’s blue chip index closed down 46.12 points, or .65%, at 7032.3.

This week a host of companies in the top flight will announce effects, from housebuilder Taylor Wimpey, to HSBC and engineering team Rolls Royce.

Today CMC Marketplaces traders be expecting the FTSE 100 to open up 37 factors bigger.

Monday early morning will convey PMI figures in the producing sector for July. Michael Hewson, chief sector analyst at CMC Marketplaces British isles, reported in the United kingdom a slowdown from the amounts in June is anticipated.

He mentioned that is “largely thanks to disruptions brought about by staff members shortages, and interruptions to provide chains thanks to a rise in infections and employees self-isolating”.

Hewson added: “Input expenses are also soaring, raising some concern that selling price rises could come to be a lot more persistent and act as a brake on shopper self confidence.”

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